Gimv acquires Studiekring

The value of the deal has not been disclosed, though Gimv has provided fresh growth capital from its listed fund, in addition to acquiring the shares. Studiekring's founders will retain a minority shareholding in the company. The investor has been following the education sector for some time prior to this investment. Gimv was introduced to Studiekring by one of its industrial advisers. The investment was not made through a newco.

Gimv was primarily attracted to Studiekring because it believes the company has the experience and drive to achieve growth. The investor is looking to support the company's growth plans, with an aim to double in size in terms of branches, turnover and cash flow over the next few years.

Company
Studiekring was founded in 2000 and is an independent company in the field of tutoring, student coaching and examination training. The company is headquartered in Utrecht and has more than 50 branches in the Netherlands. Studiekring employs close to 600 people.

People
Ivo Vincente, head of buyouts & growth for Netherlands at Gimv, led the deal team.

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• Topics
• Benelux
• Consumer
• Buyouts
• Gimv
• Netherlands